Dubai’s largest bank Emirates NBD has announced a definitive agreement to acquire a 99.85 per cent stake in Turkish private bank DenizBank from Russia’s Sberbank for TRY14.6bn ($3.19bn).The deal represents a coup for Emirates NBD amid reports that it had been met with resistance from Turkish President Tayyip Erdogan, who sided with Qatar against the UAE, Saudi Arabia and Bahrain in last year’s Gulf dispute. Source: Dubai’s Emirates NBD to acquire Turkey’s DenizBank for $3.19bn – Gulf Business

Preparations are being made for around 12-13 large-scale initial public offering on the Istanbul Bourse next year, the exchange’s chairman Himmet Karadag said on Tuesday. Source: Preparations underway for 12-13 large IPOs in Istanbul – bourse chairman | Salaam – Global Islamic Economy Gateway